Total Energy Services (TSE:TOT) Reaches New 52-Week High - Time to Buy?

Key Points

• Total Energy Services shares reached a new 52-week high of C$31.65, closing near C$31.51 and significantly above their 50-day and 200-day moving averages.
• Analyst sentiment remains positive: ATB Cormark raised its price target to C$33.00, while the broader consensus rating is “Buy” with the same target price.
• The company reported quarterly EPS of C$0.72 on revenue of C$328.96 million, with a 7.38% net margin and 14.51% return on equity; insiders have been net buyers over the past three months.

Shares of Total Energy Services Inc. (TSE:TOT - Get Free Report) hit a new 52-week high on Friday . The company traded as high as C$31.65 and last traded at C$31.51, with a volume of 55183 shares trading hands. The stock had previously closed at C$31.43.

Wall Street Analysts Forecast Growth

Separately, ATB Cormark Capital Markets raised their price objective on Total Energy Services from C$32.00 to C$33.00 and gave the stock an "outperform" rating in a research note on Friday, July 10th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of C$33.00.

Total Energy Services Price Performance

The firm has a market capitalization of C$1.15 billion, a PE ratio of 13.27, a P/E/G ratio of 1.77 and a beta of 0.74. The firm's fifty day moving average price is C$24.90 and its 200 day moving average price is C$23.08. The company has a current ratio of 1.24, a quick ratio of 1.09 and a debt-to-equity ratio of 8.05.

Total Energy Services (TSE:TOT - Get Free Report) last issued its earnings results on Wednesday, August 12th. The company reported C$0.72 earnings per share (EPS) for the quarter. The firm had revenue of C$328.96 million during the quarter. Total Energy Services had a net margin of 7.38% and a return on equity of 14.51%. As a group, equities analysts forecast that Total Energy Services Inc. will post 2.0517598 earnings per share for the current year.

Insider Activity at Total Energy Services

In related news, insider Total Energy Services Inc acquired 314,804 shares of Total Energy Services stock in a transaction on Tuesday, June 30th. The stock was acquired at an average price of C$24.01 per share, for a total transaction of C$7,558,444.04. Following the purchase, the insider owned 326,814 shares of the company's stock, valued at approximately C$7,846,804.14. This represents a 2,621.18% increase in their position. Also, Director George K. Chow sold 1,800 shares of Total Energy Services stock in a transaction dated Monday, August 17th. The shares were sold at an average price of C$30.80, for a total value of C$55,440.00. Following the transaction, the director owned 1,800 shares of the company's stock, valued at C$55,440. The trade was a 50.00% decrease in their position. In the last three months, insiders acquired 322,684 shares of company stock worth $7,738,701 and sold 120,800 shares worth $2,761,350. 7.73% of the stock is currently owned by company insiders.

About Total Energy Services

Total Energy Services Inc is an energy services company. The operating segments of the company are Contract Drilling Services, Rentals & Transportation Services, Compression & Process Service, Well servicing, and Corporate. The company's operations are conducted in Canada, the United States of America, and Australia.

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